Peninsula Asset Management Inc. Sells 830 Shares of Emerson Electric Co. (NYSE:EMR)

Peninsula Asset Management Inc. decreased its holdings in Emerson Electric Co. (NYSE:EMR) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,625 shares of the industrial products company’s stock after selling 830 shares during the period. Emerson Electric accounts for about 2.9% of Peninsula Asset Management Inc.’s holdings, making the stock its 14th biggest position. Peninsula Asset Management Inc.’s holdings in Emerson Electric were worth $5,406,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of EMR. State Street Corp lifted its stake in Emerson Electric by 6.2% in the 3rd quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock worth $2,822,858,000 after purchasing an additional 1,507,980 shares in the last quarter. Wellington Management Group LLP boosted its stake in Emerson Electric by 4.2% during the third quarter. Wellington Management Group LLP now owns 14,552,544 shares of the industrial products company’s stock valued at $1,591,612,000 after buying an additional 581,102 shares during the period. Geode Capital Management LLC grew its position in Emerson Electric by 1.4% during the third quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock worth $1,247,570,000 after buying an additional 162,985 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Emerson Electric by 5.7% in the 4th quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company’s stock valued at $871,083,000 after acquiring an additional 375,470 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Emerson Electric by 3.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,523,394 shares of the industrial products company’s stock valued at $385,354,000 after acquiring an additional 132,186 shares during the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on EMR shares. Daiwa Capital Markets initiated coverage on Emerson Electric in a research note on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price target for the company. Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Barclays lowered Emerson Electric from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $135.00 to $110.00 in a research note on Monday, March 10th. Jefferies Financial Group began coverage on Emerson Electric in a research note on Thursday, December 12th. They set a “buy” rating and a $160.00 price objective for the company. Finally, Loop Capital upped their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average target price of $136.28.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $112.11 on Friday. The company’s 50 day moving average is $122.37 and its 200 day moving average is $118.75. The company has a market cap of $63.22 billion, a PE ratio of 26.76, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. On average, sell-side analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s dividend payout ratio is currently 50.36%.

Emerson Electric Company Profile

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.